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New Construction
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New Construction Kowit & Passov Real Estate Group is preleasing The Shoppes of Mill Avenue, a 26,000 sq.ft. center located at the intersection of Mill Avenue and Route 250 in New Philadelphia, OH. Opening is slated for the summer. Area demographics include a population of 67,977 within 10 miles earning $45,824 as the average household income. The site has an average daily traffic count of 33,323 vehicles. Area retail includes Staples and Lowe’s Home Improvement. The company also is preleasing The Shoppes of Chardon, a 200,000 sq.ft. center located at the intersection of Center Street and Cherry Street in Chardon, OH. Opening is slated for Spring 2007. The center has spaces available of 1,200 sq.ft. and 100,000 sq.ft., as well as an outlot of 36,000 sq.ft., and is tenanted by CVS. The site has an average daily traffic count of 20,000 vehicles. Asking rent is $12 psf with CAM of $2 psf and taxes of $1 psf. Area demographics include a population of 115,628 within 10 miles earning $72,906 as the average household income. Area retail includes Wal*Mart, Home Depot and OfficeMax. For more information, contact Tori Nook, Kowit & Passov Real Estate Group, 25000 Chagrin Boulevard, Suite 300, Beachwood, OH 44122; 216-514-5100, Fax 216-514-5106; Email: tnook@kowitpassov.com; Web site: www.kowitpassov.com.
Transwestern Retail is preleasing a 60,000 sq.ft. center located at the intersection of 7th and H Streets in Washington, DC. Area retail includes AMC Theatres, Clyde’s, Aveda, Benetton, Lucky Strike, Ann Taylor Loft, Urban Outfitters, Washington Sports Club, Legal Seafood, Marvelous Market, La Tasca, Ruby Tuesday, Matchbox, Inde Bleu and Rosa Mexicano. For more information, contact Bill Miller, Transwestern Retail, 1667 K Street NW, Suite 300, Washington, DC 20006; 202-775-7000; Web site: www.tretail.com.
The Broadbent Co. is preleasing The Shoppes at 141st Street, a center located at the intersection of 141 st Street and State Route 37 in Fishers, IN. The project includes 40,864 sq.ft. of inline space, as well as three outlots. For more information, contact David A. Cheslyn or Drew Kelly, The Broadbent Co., 201 North Illinois Street, 23rd Floor, Indianapolis, IN 46204-1950; 317-237-2900, Fax 317-237-2912; Email: dkelly@broadbentco.com.
Manekin is preleasing a mixed-use center located on Emmorton Road in Harford County, MD. The first phase will be a 109,000 sq.ft. retail complex with restaurants ranging from 1,200 sq.ft. and up. Opening is slated for the middle of 2007. For more information, contact Dicky Darrell or Terry Rossiter Harvey, Manekin, 7061 Columbia Gateway Drive, Columbia, MD 21046; 410-423-2032/2033, Fax 410-290-1498; Emails: ddarrell@manekin.com and tharvey@manekin.com ; Web site: www.manekin.com.
Mackenzie Commercial is preleasing a 600,000 sq.ft. center located at Workman’s Mill Court in Frederick, MD. The site has a potential build-to-suit opportunity. Area demographics include a population of 96,573 within five miles earning $81,902 as the average household income. For more information, contact John R. Schultz or George L. Collins, Mackenzie Commercial, 2328 West Joppa Road, Suite 200, Lutherville, MD 21093; 410-821-8585; Emails: jschultz@mackenziecommercial.com and gcollins@mackenziecommercial.com; Web site: www.mackenziecommercial.com.
Grubb & Ellis/Harrison & Bates is preleasing a center located at the intersection of Ashland Junction Drive and Hill Carter Parkway in Ashland, VA. The center has space available of 16,800 sq.ft. and is located near a Wal*Mart Supercenter and Ashland Square Shopping Center. The site has an average daily traffic count of 40,000 vehicles. Area demographics include a population of 123,284 within 10 miles earning $71,574 as the average household income. For more information, contact Susan Jones or Allyson Petty, Grubb & Ellis/Harrison & Bates, 6606 West Broad Street, Suite 400, Richmond, VA 23230-1027; 804-788-1000 Ext. 266/352; Emails: susan.jones@harrison-bates.com and allyson.petty@harrison-bates.com.
Petrie Ross Ventures is developing Centre at Edgewater, a center located at the intersection of Route 2 and Highway 665 in Edgewater, MD. The center is the redevelopment of an existing Safeway supermarket. The five-acre site has a GLA of 45,940 sq.ft., including one pad site of 3,468 sq.ft. Opening is slated for the summer. Area demographics include a population of 84,526 within five miles earning $84,218 as the average household income. For more information, contact Petrie Ross Ventures, 170 Jennifer Road, Suite 300, Annapolis, MD 21401; 410-573-3800, Fax 410-573-3801. Or contact Nancy E. Catron, Catron Real Estate, 2905 Mitchellville Road, Suite 205, Bowie, MD 20716; 301-249-6673; Email: nancy@catronrealestate.net. Robert F. Metts Real Estate is preleasing Waterford Park, a 150,000 sq.ft. center located at the intersection of Veterans Parkway and Interstate 65 in Clarksville, IN. The center is situated on a land area of 15 acres and has two outlots of one acre available. The center is anchored by Target, Best Buy, Bed Bath & Beyond, Lane Bryant, David’s Bridal and Kirkland’s. Market rents range from $14 psf to $25 psf. For more information, contact Robert Metts, Robert F. Metts Real Estate, PO Box 32352, Louisville, KY 40232; 502-966-8171, Fax 502-966-9991; Email: larc49@aol.com.
First Commercial Realty & Development, Inc. is preleasing Shops at Northeast Village, a 113,380 sq.ft. center located at the intersection of 7 Mile Road and Gratiot in Detroit, MI. The center has spaces available of 972 sq.ft.; 3,656 sq.ft. and 12,567 sq.ft. Opening is slated for the spring. The center is anchored by Kroger and is cotenanted by Dots, Athlete’s Foot and Simply Fashions. Area demographics include a population of 484,196 within five miles earning $54,530 as the average household income. Market rents range from $16 psf to $20 psf, while asking rent is $18 psf with NNN of $4.75 psf. For more information, contact Eric Koche or Rodney Orth, First Commercial Realty & Development, Inc., 27600 Northwestern Highway, Suite 200, Southfield, MI 48034; 248-352-5000, Fax 248-352-2144; Email: ekoche@firstcommercial.net.
Trout, Segall & Doyle is preleasing a 290,000 sq.ft. center located at the intersection of East Tevis Street and Legge Boulevard in Winchester, VA. The center is situated on a land area of 34 acres. Construction is expected to begin during March 2007. Area demographics include a population of 99,833 within five miles earning $46,327 as the average household income. Area retail includes Wal*Mart, Home Depot, Target, Lowe’s Home Improvement, Kohl’s, Old Navy, Borders Books & Music, Circuit City and Michaels. For more information, contact Mark G. Segall, Trout, Segall & Doyle, 2 Village Square, Suite 219, Baltimore, MD 21210; 410-435-4000, Fax 410-435-4277; Email: acrosby@troutsegall.com; Web site: www.troutsegall.com. |